Performance elastomers are high performance synthetic rubbers that have a high resistance to heat, oil, compression set, acids, and solvents.
Market Analysis and Insights: Global Performance Elastomers Market
Due to the COVID-19 pandemic, the global Performance Elastomers market size is estimated to be worth US$ 11770 million in 2023 and is forecast to a readjusted size of US$ 15150 million by 2030 with a CAGR of 4.3% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Nitrile-based Elastomers accounting for % of the Performance Elastomers global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Automotive and Transportation segment is altered to an % CAGR throughout this forecast period.
Among the end-use industries, the automotive and transportation industry is projected to lead the performance elastomers market during the forecast period. Because of the implementation of stringent environmental regulations regarding emission levels, the design of vehicles has changed drastically over the past few decades. The manufacturers are designing vehicles to be compact, lightweight, and more efficient. For this the vehicle manufacturers require a performance elastomer. This demand ultimately drives the performance elastomers market.
Global Performance Elastomers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Performance Elastomers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Nitrile-based Elastomers
Silicone Elastomers
Fluoro Elastomers
Segment by Application
Automotive and Transportation
Industrial Machinery
Building and Construction
Healthcare
Electrical and Electronics
By Company
3M
Daikin Industries
DowDuPont
Shin-Etsu Chemical
Solvay
Zeon Chemicals
Arlanxeo
JSR
Mitsui Chemicals
Showa Denko
Tosoh
Wacker Chemie
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
